I have read in the manual that,
"unit_root_vars is now deprecated and will result in no action, It was used to declare unit-root variables of a model so that a diffuse prior can be used in the initialization of the Kalman filter for these variables only."
I am not sure exactly what is meant by the word "deprecated".
Do I need to use this argument when my observed variables are random walks plus a drift? When I use the argument, Dynare seems to run and work properly. Without the argument, Dynare crashes.
Could some one please give me a status update on this argument. Is it needed? Can I do without this argument if I re-write my _steadystate.m file (by taking out the Y_obs = 1; lines for the trending observations perhaps?)
Thank you.